FY14 Housing Preservation and Development Fund Competitive Application
In late 1991, the Board of County Supervisors (BOCS) established the “Housing Development Fund” within the County’s proffer system to which residential rezoning applicants could make voluntary cash contributions in lieu of proffering actual affordable housing units. The BOCS set forth the purpose and approved uses of these funds which were adopted in January 2008 and revised 10-24-13. The BOCS requested the Prince William County Housing Board and the Prince William County Office of Housing and Community Development establish and conduct a competitive process for administering the funding of these activities. The BOCS recently appropriated $750,000 for the second Housing Preservation and Development Fund competitive funding process.
The purpose of this funding is to provide loans and/or grants to eligible project sponsors in support of activities intended to develop, construct, preserve, improve and expand the availability of affordable and accessible housing for County households. The funding encourages project sponsors to apply for assistance through a competitive process for projects which promote and create opportunities for homeownership and affordable rentals. The funding is intended to supplement and leverage other private financing to lower overall costs associated with housing development, construction, preservation, acquisition and /or improvement efforts for County households with very low-income up to 100% of Area Median Income (AMI) as calculated using the HUD published AMI. These funds will foster cooperative public/private relationships, create long-term housing opportunities which will preserve affordable housing for working families, the elderly and persons with disabilities.
• Applications Available February 10, 2014
• Application Deadline 5:00 p.m. March 26, 2014
• Review Committee Scoring March 31, 2014
• Recommendations to Housing Board April 24, 2014
• Recommendations to BOCS May 2014
• Agreements Signed June-July 2014
FY2015 CDBG Competitive Application
The U.S. Department of Housing and Urban Development (HUD) awards grants to "Entitlement Urban County" jurisdictions to carry out a wide range of community development activities directed towards revitalizing neighborhoods, economic development, and providing improved community facilities and services. Prince William County provides a percentage of its Community Development Block Grant (CDBG) funds on a competitive basis to eligible outside agencies. Eligibility criteria for funding is based upon specific eligible activities that meet one of the CDBG National Objectives and that will further the Prince William Area's goals and objectives, as stated in the 5-Year Consolidated Plan.
Eligible applicants are limited to:
Non-Profit Organization with 501 (c) status determined by IRS
Governmental Entity - including incorporated Town, County/City and regional governmental entities only when the activities occur within Prince William County or the City of Manassas.
The Competitive Funding Applications for Fiscal Year 2015 will be available on Aug. 7, 2013 with applications due on Oct. 10, 2013.